Multiple Choice
Suppose the demand function is given by Qxd = 10Px0.9 Py0.5 M0.22 H.Then the cross-price elasticity between goods x and y is:
A) 0.9.
B) 0.5.
C) 0.22.
D) −0.5.
Correct Answer:

Verified
Correct Answer:
Verified
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